Category: foreign exchange

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Currency and money markets news scan: Positioning ourselves to benefit from a rebuild of Ukraine infrastructure.

The takeaway: Turning the Ukraine-Russia war into a play on infrastructure. Among my general thesis about government is that it plays a role in making a market. In the 1700s and 1800s, the United States was in essence a realtor, selling land to settlers who promised to develop the vast territory of the United States. … Continue reading Currency and money markets news scan: Positioning ourselves to benefit from a rebuild of Ukraine infrastructure.

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Interbank market news scan: Certain overnight rates see an uptick.

U.S. Treasury rates Yesterday, the two-year, ten-year, and thirty-year Treasury rates moved down between 9:00 am this morning and 4:30 pm. According to Treasury data, the one-month rate stayed relatively the same, moving from 4.29% to 4.28%. The ten-year rate fell from 4.55% to 4.53%, while the 30-year rate fell from 4.77% to 4.76%. Board … Continue reading Interbank market news scan: Certain overnight rates see an uptick.

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The 119th Congress takes its seat tomorrow as the dollar continues to strengthen.

The GOP-controlled 119th Congress will take its seat around noon tomorrow. Over in the House chamber, there will be a vote for the Speaker of the House. Meanwhile, results from the Pan-European Manufacturing Purchasing Managers Index demonstrates the danger of making a five day call on where the EUR/USD may end up at week’s end. … Continue reading The 119th Congress takes its seat tomorrow as the dollar continues to strengthen.

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Looking behind the gardened walls of central banks

Where are the trading desks of the Federal Reserve System and the European Central Bank moving markets? Back in mid-December, the Federal Open Market Committee directed its trading desk at the Federal Reserve Bank of New York to undertake open market operations to maintain the federal funds rate between the target range of 4.25% and … Continue reading Looking behind the gardened walls of central banks

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Does making bitcoin a reserve asset increase transactional activity in the U.S.?

Former U.S. president Donald Trump made the crypto industry a promise; that he would consider creating a fund that holds bitcoin as a reserve asset [1]. A number of states including Pennsylvania are reportedly considering similar proposals for incorporating state bitcoin ownership as a part of their state fiscal policies [2]. U.S. Senator Cynthia Lummis, … Continue reading Does making bitcoin a reserve asset increase transactional activity in the U.S.?